Economics EOC Review

Which point shows an underutilization of resources?

Which economic system is most influenced by the environment?

Requirements in order to be able to sell in another country are known as

An employee gets laid off as the country's GDP decreases, is part of what type of unemployment

Which would NOT be measured in GDP?

When government reduces its control over the market

Making sure a country uses safe environmental practices in order to sell to your country is a

Paying employees to go back to school is an investment in which of the following?

The lowest point of the business cycle is known as the

Government spending increases is an example of

An employee not having the skills needed for the jobs available is what type of unemployment

From Year 1 to Year 2 the Yen in comparison to the Euro

Which number demonstrates receiving resources to make good/services?

The prohibition of trade with a particular country is known as

What monetary policy should be used in order to encourage economic growth?

An insurance deductible refers to 

Which is not a factor of production?

Which economic system allows the most freedom for producers?

Which of the following would NOT cause a direct shift in supply?

From Year 1 to Year 3 the Yen in comparison to the Euro

Which of the following is NOT a skill to be successful in the workplace?

Comparative advantage is determined by whoever has the lowest

Price floors such as legal minimum wages cause

An oil embargo placed on the U.S. by major oil producing nations would likely result in

Which demonstrates an employee getting his/her paycheck?

What is true about the advantages based on the image below?

A tax that discourages people from doing something is called

Which of the following demonstrates the PURCHASE of a haircut?

Which situation would cause the shift of the supply from S1 to S2?

If a price is higher than the equilibrium, this would cause

Which of the following INCREASES productivity?

Which fiscal policy action should be done in order to combat inflation?

Goods that are considered needs like medicine, are considered

Allowing people to concentrate on a single activity or area of expertise is known as

GDP stops rising at what point of the business cycle?

Renting of a business building occurs in the 

Increasing or decreasing interest rates would be what type of policy?

If a country sends more goods than they receive from a foreign country that is a

2-3 firms making very similar products in 1 industry & controlling the majority of the input

If the country spends more than the tax revenue it brings in, that is a 

Tickets to a football stadium have

Sum of goods & services produced within a country at a giventime at a particular price level.

Which of the following would NOT cause a shift in demand?

Which of the following is NOT a role of money?

The regulation of the money supply is known as

Inflation combined with a recession is known as

The value of the best alternative that could have been chosen but was not is called

"The more you make, the more they take" tax

A college student looking for a job is included in which type of unemployment

Which of the following business organizations have limited liability?